Having a Magento 2 Minimum Order Amount extension is a necessary evil in the wholesale, distribution, and manufacturing business. It protects suppliers and ensures cost efficiency and revenue without losing customers by setting a limitation to order value. The process can both maximize or minimize the number of products that customers can buy before purchasing.
But what is the minimum/maximum order amount exactly? Why is it so important for the eCommerce business and how can store owners can benefit from using it? Our blog article will address these questions and especially, introduce you to the list of best Minimum Order Amount extensions for Magento 2 stores.
I. What is the Minimum/ Maximum Order Amount?
Minimum or Maximum order amount is simply known as the minimum/maximum quantity of goods a customer wants to order before checking out from a business. If the customer is unable to meet the order amount requirement, the buyer will not sell their products to that particular customer.
To address the setting order amount problem for online store owners, the Magento Community has created the Magento 2 Minimum Order Amount extension that allows store admins to set an order amount range (minimum and maximum) for different customer groups. Customers have to add the appropriate order value to check out successfully.
II. Why does the Minimum/Maximum Order Amount implement?
The main purpose of setting a whole minimum and maximum order amount in online stores is to increase revenue dramatically by incentivizing customers to order in bulk. Here are some other key reasons why store owners might need to implement Magento 2 Minimum Order Amount extension for their websites.
2.1. Remain Profitable
There are sometimes some online businesses that might have to sell goods in large quantities if they want to break even selling products at a low cost. However, with Magento 2 Minimum Order Amount, you can filter out good customers from bargain hunters. Furthermore, you can also focus effectively on the more profitable customers who exactly see value in your goods to purchase them in large quantities.
2.2. Increase Inventory Turnover
For wholesales, distribution, and manufacturing businesses, they might have to order raw materials and parts from other suppliers at a certain maximum order quantity. To ensure a healthy inventory turnover, these businesses might have to sell their products at a certain number of products to justify the raw material costs. However, if the products are not sold quickly, they might spoil or expire that will cost you even more.
2.3. Made-To-Order Goods
The Magento Community has also counted for online made-to-order business models who produce products based on customers’ orders and demand instead of keeping warehouse. In this way, your business can only star the producing process if there is a sufficient order quantity. Hence, a minimum order amount helps to make sure that there is sufficient demand for your products to start production.
III. Magento 2 Minimum Order Amount Incredible Features
Enough with the introduction about the importance of this extension as you might have known before. Now, let’s start to explore some top advanced Magento 2 Minimum Order Amount extensions with some incredible features that you will love to hear.
3.1. Set order amount range for customer groups
Magento 2 Minimum Order Amount supports you to add different order amount ranges (minimum and maximum order amount) for specific customer groups respectively in the store. Each customer group like not logged in, general, wholesale, retailer,… can be restricted to checkout if their cart doesn’t meet a mandatory amount.
3.2. Remind customers of min/max order value to checkout
After customers add items to the shopping cart, they will be notified about the order amount range. ”You must have at least X and at most X to checkout”. Based on multiple customer groups, the maximum and minimum order amount is different. Customers will have to add items to the cart to meet the order amount range requirement before proceeding to check out.
By restricting the order amount range, you can motivate customers from each group to purchase more. Thanks to that, sales performance will be improved remarkably.
3.3. Include or exclude tax to the order amount
Advanced Magento 2 Minimum Order Amount for customer groups brings the best convenience for usage. The extension allows you to set Yes or No to include or exclude tax to the order amount.
3.4. Quickly enable/disable Order Amount Range in the backend
As a store administrator, you can enable or disable the Order Amount Range for Magento 2 with ease. Once this module is enabled, the mandatory amount including the maximum and minimum amount you set for different customer groups will be applied to the shopping cart. The order amount needs to meet this condition before customers place an order.
Video Tutorial – Click to view how to configure and set order amount range for different customer groups
Find more powerful Magento 2 extensions for amazing ORDER & SHIPPING!
- Separate Brand Detail Page
- Enhanced order management functionality
- Allow customers to cancel Pending orders from the frontend
- Replace the default by advanced reorder products
- Display preorder note on the shopping cart, checkout page, category page
IV. Top Magento 2 Minimum Order Amount Extensions
Magento 2 Minimum Order Amount
Our advanced Magento 2 Minimum Order Amount extension allows store admins to set an order amount range (minimum and maximum) for different customer groups. Customers must add enough order value to check out successfully.
Magento 2 Minimum Order Amount For Customer Group
Magento 2 Minimum Order Amount for Customer Group extension – The name reveals how it works. Strongly recommended for wholesale sellers.
Magento 2 Minimum Order Amount For Customer Group
Magento 2 Minimum Order Amount For Customer Group extension helps to validate the order based on the minimum order amount by restricting it based on the customer groups.
Minimum Order Amount For Customer Group For Magento 2
Magento 2 Minimum Order Amount For Customer Group Extension helps the store owner in setting up a minimal order amount for each customer group as a mandatory amount to be met before proceeding to check out. Thus, the customers cannot place an order that has a subtotal of less than a specified sum of money.
Minimum Order Amount for Customer Group Magento 2 Extension
Minimum Order Amount for Customer Group Magento 2 Extension by Cynoinfotech allows the store owners to set a minimum order amount based on customer groups. If the customer group meets the minimum order amount after the discount is applied and subtotal reached that minimum order amount, then only after the checkout button becomes enabled.
Magento 2 Minimum Quantity Of Grouped Products
When it comes to limiting purchase quantity, native Magento doesn’t provide option to set minimum quantity purchase restriction for group products. This is a most demanded feature when store owners are selling group products like furniture set, assembled computers in order to minimize production cost, bulk supply and many other reasons. To fulfill the requirement, Magecomp has come up with Magento 2 Minimum Quantity for Group Products extension to set minimum quantity for group products from Magento backend.
Minimum Order Amount By Customer Group Magento 2
Minimum Order Amount By Customer Group extension for magento 2 allow merchants to set minimum order amount for each and every customer group so merchant have the balance of the sales scales. Suppose If a merchant wants to set some high amount order limit to wholesale customer group or to set minimum order amount to become eligible for free shipping. By using this extension merchant can have advantages like Increased conversion rates of sales, Increased average spends of each order
V. Choose your best fit with Magento 2 Minimum Order Amount Extension
We hope that this review can give you a big-picture of the available Magento 2 Minimum Order Amount extension in the market. Now make your own decision – choose for yourself the best-fit extension. We highly recommend the Magento 2 Minimum Order Amount extension by LandOfCoder for its very useful and impressive features at a reasonable price.
To conclude, we would like to express our respect to all the vendors that have made this Top 7+ Magento 2 Minimum Order Amount extension list! This is the most comprehensive list of best extensions on the internet and we are honored to have you as part of this!
If you want to add or remove an item from this list, feel free to submit your extension at Submit form.
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